Raymond James Trust N.A. Acquires 461 Shares of Masco Co. (NYSE:MAS)

Raymond James Trust N.A. increased its holdings in shares of Masco Co. (NYSE:MAS) by 9.5% in the third quarter, Holdings Channel.com reports. The firm owned 5,319 shares of the construction company’s stock after purchasing an additional 461 shares during the quarter. Raymond James Trust N.A.’s holdings in Masco were worth $446,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MAS. New Covenant Trust Company N.A. bought a new stake in shares of Masco during the first quarter worth $25,000. Innealta Capital LLC acquired a new position in Masco in the 2nd quarter worth $25,000. Family Firm Inc. acquired a new position in Masco in the 2nd quarter worth $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Masco in the 3rd quarter valued at about $38,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Down 1.8 %

MAS opened at $80.70 on Wednesday. The stock’s fifty day simple moving average is $81.78 and its 200 day simple moving average is $75.57. Masco Co. has a 1-year low of $58.91 and a 1-year high of $86.70. The stock has a market cap of $17.41 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the company posted $1.00 EPS. Masco’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent research reports. Evercore ISI upped their price objective on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Barclays upped their price target on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Loop Capital lifted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group increased their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Masco has an average rating of “Hold” and an average price target of $85.96.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.